$800 Million New Orleans-based Fidelity Bank is moving its corporate headquarters from Place St. Charles to a historic building in the Central Business District, bank officials announced last week.
Fidelity Bank will purchase the historic Union Savings & Loan building at 353 Carondelet St. for its new headquarters from Mary Martin Roth, Richard Roth and Katherine and Tony Gelderman.
After the purchase, Fidelity will undertake a $10 million renovation to restore the historic building. The ground floor will also include the bank’s 17th branch location.
The project will create 125 construction jobs and make use of $1.8 million in federal and state historic tax credits.
Ryan Gootee General Contractors is the general contractor on the project and Trapolin-Peer is the architect.
The building was constructed in 1850 and designed by architect George Purves. It’s part of a row of eight commercial buildings historically referred to as Union Row.
Founded in 1908, Fidelity Bank has $800 million in assets and serves communities throughout Southeast Louisiana.